EchoStar said on Monday it expects to hold $24.1 billion in total cash after using proceeds from its spectrum license sales to repay debt, bolstering its balance sheet and supporting growth in wireless, satellite and technology sectors.
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The cash proceeds from the recent spectrum transactions will be $31.2 billion and the company will have a debt repayment of $11.4 billion, EchoStar CEO Hamid Akhavan said at the World Space Business Week in Paris.
It had cash in hand wo… [1045 chars]
Source: Reuters | Published: 2025-09-15T10:50:58Z
Credit: Reuters
